SoFi Stock: Buy, Sell, or Hold?

Like many IPOs in the 2021 boom, SoFi stock skyrocketed on little more than investor enthusiasm, and it's down 74% from its highs. It continues to be volatile, doubling last year but down 36% year to date. SoFi is all digital, and users can manage most of their transactions with a few swipes and clicks. It was created to meet the needs of students and now also targets young professionals. It added 622,000 new members in the 2024 first quarter for a total of 8.1 million. This was a 35% increase over last yea ...